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  • NEW YORK, Jan 28- A federal judge on Wednesday said U.S. investors may pursue a nationwide antitrust lawsuit accusing 12 major banks of rigging prices in the $5.3 trillion- a-day foreign exchange market. The bank defendants are Bank of America Corp, Barclays Plc, BNP Paribas SA, Citigroup Inc, Credit Suisse Group AG, Deutsche Bank AG, Goldman Sachs Group Inc, HSBC...

  • WASHINGTON— The Federal Reserve reiterated Wednesday that it will be "patient" in raising rates from record lows but noted that inflation remains below its target even as the U.S. economy improved. Chair Janet Yellen said after last month's meeting that by saying it would be "patient," the Fed was signaling there would be no rate increase for at least two meetings.

  • Midday Glance: Banks companies Wednesday, 28 Jan 2015 | 1:21 PM ET

    Bank of America Corp. fell$. 24 or 1.5 percent, to $15.39. Morgan Stanley fell$. 11 or. 3 percent, to $34.45. US Bank fell$. 11 or. 3 percent, to $42.87.

  • Deloitte, whose audit clients range from carmaker General Motors Co to investment bank Morgan Stanley, achieved total fees including consultancy work of $34.2 billion last year, giving it a $248 million lead over second-placed PwC, the annual International Accounting Bulletin World Survey said. Rob Tautges, chief executive of mid-tier firm HLB...

  • *Barclays cuts 2015 forecast to $44 a barrel from $72 for Brent. Jan 28- Barclays Plc and Goldman Sachs Group Inc issued even more bearish forecasts for oil prices on Wednesday, predicting no significant recovery in the first half of 2015.. Barclays slashed its 2015 Brent crude oil price forecast to $44 a barrel from $72, while Goldman said it expected prices for...

  • Early Glance: Banks companies Wednesday, 28 Jan 2015 | 10:41 AM ET

    Bank of America Corp. fell$. 18 or 1.1 percent, to $15.45. Citigroup Inc. fell$. 44 or. 9 percent, to $47.87. JPMorgan Chase fell$. 18 or. 3 percent, to $56.02.

  • Jan 28- Burger chain Shake Shack Inc now expects its initial public offering to be priced at $17- $19 per share, up from $14- $16 expected earlier, valuing the company at up to $674.5 million. The company's international outlets include those in Dubai, Istanbul, London and Kuwait. Shake Shack's offering follows a string of successful IPOs by casual dining chains last...

  • WASHINGTON— As the Federal Reserve ends its latest policy meeting Wednesday, it is widely expected to repeat the pledge it made in December: That it will be "patient" in raising interest rates from record lows. The stronger dollar makes foreign goods cheaper in the United States. The statement that Chair Janet Yellen and her colleagues will issue after the meeting...

  • WASHINGTON, Jan 28- The Federal Reserve is expected to signal it remains on track to begin raising interest rates later this year, as the central bank shows confidence that low inflation and rising risks from abroad have yet to derail the U.S. economic recovery. Fed Chair Janet Yellen faces growing skepticism that the central bank can tighten monetary policy by...

  • Research by Morgan Stanley, published on Jan. 25, said that oil and diesel made up between 9 and 12 percent of the total production costs for bulk commodities such as coal, iron ore and bauxite, but only 3 to 5 percent for metals. The spot price of iron ore in Asia dropped to a 5-1/ 2- year low of $62.80 a tonne on Tuesday, and is down 67 percent from its peak of $191.90 reached...

  • Final Glance: Banks companies Tuesday, 27 Jan 2015 | 6:08 PM ET

    Bank of America Corp. fell$. 22 or 1.4 percent, to $15.63. Citigroup Inc. fell$. 58 or 1.2 percent, to $48.31. Goldman Sachs fell $3.93 or 2.2 percent, to $176.49.

  • JPMorgan profited from soaring Swiss franc - Bloomberg Tuesday, 27 Jan 2015 | 3:47 PM ET

    Jan 27- JPMorgan Chase& Co's currency traders made a profit of as much as $300 million when the Swiss central bank shocked markets by scrapping its cap on the franc this month, Bloomberg reported, citing two people with knowledge of the matter. JPMorgan netted $250 million to $300 million on the day the Swiss National Bank removed the franc's ceiling of 1.20...

  • Midday Glance: Banks companies Tuesday, 27 Jan 2015 | 1:36 PM ET

    Bank of America Corp. fell$. 12 or. 7 percent, to $15.73. JPMorgan Chase fell$. 35 or. 6 percent, to $56.42. Morgan Stanley fell$. 28 or. 8 percent, to $34.83.

  • Early Glance: Banks companies Tuesday, 27 Jan 2015 | 10:25 AM ET

    Bank of America Corp. fell$. 35 or 2.2 percent, to $15.50. Citigroup Inc. fell$. 85 or 1.7 percent, to $48.04. Goldman Sachs fell $3.07 or 1.7 percent, to $177.35.

  • NEW YORK, Jan 27- Wall Street began a regular stock and bond trading session on Tuesday after a storm that had threatened to blanket New York with up to 3 feet of snow ended up dumping just a few inches on the city. The New York Stock Exchange, a unit of Intercontinental Exchange Inc; Nasdaq OMX Group; and BATS Global Markets were all open for business as usual, spokesmen...

  • The storm has led to the postponement of at least two conferences and quarterly results of several companies, including EMC Corp. The New York Stock Exchange, Intercontinental Exchange Inc, Nasdaq OMX Group Inc and BATS Global Markets were open on Monday and expect to be open on Tuesday. JPMorgan Chase& Co Closed New York. New York and as Ocean City, New Jersey and...

  • Final Glance: Banks companies Monday, 26 Jan 2015 | 6:04 PM ET

    Bank of America Corp. rose$. 12 or. 8 percent, to $15.85. Citigroup Inc. rose$. 27 or. 6 percent, to $48.89. Goldman Sachs fell$. 07 or percent, to $180.42.

  • *Nordea, Deutsche Bank lead with results this week. LONDON, Jan 26- The euro zone's attempt to kick-start its stagnant economy should provide a bright spot for European bank bosses in a results' season that will be grim for investment bank revenues, sluggish for returns and where cost-cutting is key. Deutsche Bank's co-CEO Anshu Jain said QE could cause "real...

  • Early Glance: Banks companies Monday, 26 Jan 2015 | 12:16 PM ET

    Bank of America Corp. rose$. 05 or. 3 percent, to $15.78. Citigroup Inc. fell$. 08 or. 2 percent, to $48.55. Goldman Sachs fell $1.00 or. 6 percent, to $179.49.

  • Final Glance: Banks companies Friday, 23 Jan 2015 | 6:04 PM ET

    Bank of America Corp. fell$. 36 or 2.2 percent, to $15.73. Citigroup Inc. fell$. 95 or 1.9 percent, to $48.62. Goldman Sachs fell $1.55 or. 9 percent, to $180.49.